That's a pretty good layman's explanation. People get a little weird about gambling terminology though, even if it's a daily activity. I bet my employer will be solvent and pay me, and they bet I'll work productively. You bet your mechanic will repair your car, and they bet you'll pay them. Sure, we hedge many of these bets in various ways, but we do the same with derivatives.
We used to live in a high trust society. And then the jews subverted it by importing niggers, muslims, arabs and other low trust people. People say society is collapsing, I say it collapsed but few have noticed.
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